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Blizzard [7]
3 years ago
14

The GDP price index is multiple choice 3 computed for each industry sector. a measure of the price of a specified collection of

goods and services compared to the price of a highly similar collection of goods and services in a reference year. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last 10 years. a measure of nominal GDP adjusted for inflation. d. Which of the following statements is true
Business
1 answer:
Makovka662 [10]3 years ago
6 0

Answer:

a measure of the price of a specified collection of goods and services compared to the price of a highly similar collection of goods and services in a reference year.

Explanation:

The changes should be measured that made in the goods and services involved in GDP. The GDP price index would be treated as an indicator for inflation that has been determined by comparing the current GDP to the GDP made in the reference year

So it would be measured the particular collection of the goods & services that should be compared with that of the reference year

hence, first option is correct

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On December 10, 2020, Jennings, Inc. paid out total dividends of $350,000 (this was the only dividend payment made during the ye
Hoochie [10]

Answer:

$723,000

Explanation:

Calculation to determine what was Jennings reported net income in 2020

Using this formula

2020 Net income=(2019 Retained earnings-2020 Retained earnings)+ Total Dividend

Let Plug in the formula

2020 Net income=($2,681,000-$2,308,000)+$350,000

2020 Net income=$373,000+$350,000

2020 Net income=$723,000

Therefore Jennings reported net income in 2020 is $723,000

3 0
2 years ago
Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 4,600 Salaries expense 1,800
Naily [24]

Answer:

                                                  <u>Cowboy Law Firm</u>

                    <u>Income statement for the period ended December</u>

                                                                          Amount in $

Service revenue                                                   8,500

Utilities                                                                  (1,000)                                    

Salaries expense                                                 <u> (1,300)</u>

Net income/(loss)                                                 <u>  6,200</u>

Explanation:

An income statement is a part of the financial statements that shows how profitable the activities of an entity was for a given period of time. It is usually stated as the income statement for a period end.

The elements of the income statement include the revenue otherwise called sales, expenses including cost of goods sold, operating expenses etc and the profit or loss as well as the other comprehensive income/loss.

5 0
3 years ago
According to Maslow, when Clorox wipes highlight the germ-harboring aspect of conventional sponges, it is addressing
Marina86 [1]

Answer:

According to Maslow, when Clorox wipes highlight the germ-harboring aspect of conventional sponges, it is addressing

C. Physiological Need for Health

Explanation:

According to Maslow's Need of hierarchy, humans move from

Physiological Needs: Basic biological needs, like air, water, food, shelter, clothing, primary health needs etc

Safety Needs: Need of personal security, property, resources etc

Need of Belonging: Having friends, family, people to talk to with etc

Esteem Needs: Need for self respect, freedom, status, recognition etc.

Self-actualization Need: Reaching the heights where one can go and attaining the most highest form of something which one desires.

After reading all the above needs, it is very much clear in understanding that Clorox wipes highlighting the germ-harboring aspect of conventional sponges, is addressing  the Physiological Need for Health.

7 0
3 years ago
What are the Holland codes?
kirill [66]
Realistic investigate artistic social enterprising and conventional. these are the holland codes that were made by john holland to help collage level students.
4 0
3 years ago
Read 2 more answers
Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $11 million. Bowen owe
givi [52]

Answer:

A. $1,510,000

B. -$10,000

Explanation:

a. Calculation to determine Bowen’s Accounting profits

Using this formula

Accounting profits = Total revenue - Explicit cost

Let plug in the formula

Accounting profit = $10 million - $8 million - $40,000 - $400,000 - $50,000

Accounting profit= $1,510,000

Therefore Bowen’s Accounting profits is $1,510,000

b. Calculation to determine Bowen’s Economic profit

Using this formula

Economic profits = Accounting profit - Implicit cost

Let plug in the formula

Economic profits = $1,510,000 - [($11,000,000*0.1) + $30,000 + ($60,000 - $40,000)]

Economic profits =$1,510,000 - [$1,100,000+ $30,000 + $60,000 - $40,000)]

Economic profits =$1,510,000-$1,150,000

Economic profits =-$10,000

Therefore Bowen’s Economic profit is -$10,000

4 0
3 years ago
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